“These Small Cap Setups Are Getting My Attention”
S&P conditions are favorable for stock picking due to low volatility and rising trend; breaking the 18-week support would negatively impact the market bias.
So, I want to focus here on what's taking place in the S&P, and if you notice in both time frames now, we have this declining moving average, and we've got we've just made a lower high and a lower low in the average true range on the weekly, and you can see this bigger one on the daily chart, all right?
So, this is basically a zoomed-in version of this chart. And what what I'm saying here is with this declining volatility and rising trend in both time frames, this is a pretty solid condition to be in place for stock picking, to be able to buy stocks.